Either real GDP or real GDP per capita.
Nominal GDP
Total consumption expenditures
Wealth in the economy
Cannot grow more rapidly than real GDP.
Cannot grow more slowly than real GDP.
Necessarily grows more rapidly than real GDP.
Can grow either more slowly or more rapidly than real GDP.
Adding real GDP and population.
Subtracting population from real GDP.
Dividing real GDP by population.
Dividing population by real GDP.
Growth of nominal GDP.
Growth of real GDP.
Growth of real GDP per capita
Growth of national income
Remain constant.
Fall by 6 percent.
Rise by 6 percent
Fall by 12 percent.
Consumption spending must increase.
Real GDP must increase more rapidly than population.
Population must increase more rapidly than real GDP.
Investment spending must increase.
Promotes faster population growth.
Lessens the burden of scarcity.
Eliminates the economizing problem.
Slows the growth of wants.
Changes in total nominal output.
Changes in total real output
Changes in per capita output.
Changes in per family output
Determine the accompanying rate of inflation.
Calculate the size of GDP gap.
Calculate the number of years required for real GDP to double.
Determine the growth rate of per capita GDP.
Dividing the annual growth rate by 0.07
Multiplying the annual growth rate by 70.
Dividing 70 by the annual growth rate.
Adding 14 to annual growth rate.
17.5 years.
20 years
13.5 years
15 years
11.5 years
10 years
13.5 years
9 years
22 years
20 years
14 years
8 years
Not say anything about the average annual rate of growth.
Conclude that its average annual rate of growth is about 5.5 percent.
Conclude that its average annual rate of growth is about 2 percent.
Conclude that its average annual rate of growth is about 4 percent
1/4
1/3
1/2
2/3
1.3%
4.2%
3.5%
2.1%
Recessions.
Business cycles.
Output yo-yos.
Total product oscillations.